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Trading Made Simple

  • #115,461
  • Jan 22, 2021 4:27am Jan 22, 2021 4:27am
Quoting PixelSniper
{quote} Page 1, buy the dip. Page 2 thanks for reading.
Thanks for the laugh, man!
To free Gazans of Hamas, use whatever it takes.
  • #115,462
  • Jan 22, 2021 5:05am Jan 22, 2021 5:05am
Quoting PixelSniper
{quote} Page 1, buy the dip. Page 2 thanks for reading.
@PixelSniper -- you said you were done and I even gave a nice send off. Were you lying just to trick me into saying something nice? Shame on me...
  • #115,463
  • Jan 22, 2021 5:09am Jan 22, 2021 5:09am
Quoting robots4me
{quote} @PixelSniper -- you said you were done and I even gave a nice send off. Were you lying just to trick me into saying something nice? Shame on me...
I am,no tricks..also thanks I guess.
I just took a glance out of boredom and saw MrHasib posting something good,so yeah.
  • #115,464
  • Jan 22, 2021 5:27am Jan 22, 2021 5:27am
Quoting hasib
I am enjoying reading this today. {image}
Elmer Zabal
"Compilation of blog entries, just find the blog and you'll see what I mean.
I got to trade this system and it did not took me a quarter to know that it will fail eventually."
To free Gazans of Hamas, use whatever it takes.
  • #115,465
  • Jan 22, 2021 5:34am Jan 22, 2021 5:34am
Quoting DrDave
{quote} The poster boy for hypocrisy is the very person that makes the loudest protestations about it. LOL Lovely irony, isn't it?
@DrDick/@ivan9578/@DrDave -- you obviously read my posts, but it seems are too afraid to respond directly to me, is that true? Among your other "fine" qualities, I detect a yellow streak. Come on, @coward-boy, do you have the gonads to insult someone directly or does it always have to be from hiding behind a girl? You think @Tekkies can protect you? If you have any hope of increasing the viewership of your dead thread you should at least consider giving your fans the impression you aren't afraid to standup for yourself.

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  • #115,466
  • Jan 22, 2021 5:41am Jan 22, 2021 5:41am
Quoting DrDave
{quote} The poster boy for hypocrisy is the very person that makes the loudest protestations about it. LOL Lovely irony, isn't it?
That line is from Post 115,445.
  • #115,467
  • Jan 22, 2021 5:46am Jan 22, 2021 5:46am
Quoting hasib
I am enjoying reading this today. {image}
Page 7.
"The system did make money and shedloads of it but was only saved by withdrawing from it in the nick of time."
To free Gazans of Hamas, use whatever it takes.
  • #115,468
  • Jan 22, 2021 5:47am Jan 22, 2021 5:47am
Quoting Tekkies
{quote} That line is from Post 115,445.
Madam -- are you posting as a male, female, or female masquerading as a male? Not that it matters. Just that it helps readers put your comments into the proper perspective...

Madam -- among your other delegated chores, like money management for IMT Academy, looks like @DrDick has assigned you as his personal body guard?
  • #115,469
  • Edited 6:08am Jan 22, 2021 5:48am | Edited 6:08am
Quoting Tekkies
{quote} That line is from Post 115,445.
Yes, I saw that. That is why the post about the irony.
To free Gazans of Hamas, use whatever it takes.
  • #115,470
  • Edited 6:12am Jan 22, 2021 5:53am | Edited 6:12am
Quoting DrDave
{quote} Yes, I saws that. That is why the post about the irony.
Yep -- looks like the fungi is returning. Time to do a little trimming...

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@DrDick/@ivan9578/@DrDave -- do you think any of your "folks" out there wonder why you are afraid to address me directly. You do respond to my posts, but always hiding behind @Tekkies. Come on @DrDick -- put on those big boy pants and show the "folks" out there you aren't a coward and afraid to respond anonymously through an alias. Such a timid soul...

@DrDick/@ivan9578/@DrDave -- I just now realized that it's not just me you are afraid of. Though you are one of the most prolific smearers and insulters -- you'll never do it do someone's face. It's always from hiding behind @Tekkies or addressing a comment to the "folks" out there. That definitely is not a quality one would normally be proud of. I believe it deserves to be included among the list of other items that readers should be reminded of. What do you think? Oh, wait -- it's okay if you answer that question through @Tekkies...
  • #115,471
  • Jan 22, 2021 6:24am Jan 22, 2021 6:24am
Quoting Tekkies
{quote} That line is from Post 115,445.
Madam -- are you posting as a male, female, or female masquerading as a male? Not that it matters. Just that it helps readers put your comments into the proper perspective...

Madam -- it's okay to be female. What do you have against females? You have referred to them as bitches, thinking that would fool readers into believing you were "one of the guys". And that must have felt extremely embarrassing. But, seriously, there's nothing wrong with being female, is there?
  • #115,472
  • Jan 22, 2021 6:33am Jan 22, 2021 6:33am
Quoting robots4me
{quote} R4M-AverageBarSize indicator... {image} {file} @jmn5611 -- your wish (most, but not necessarily all) is my command... @jmn5611 -- it is a pleasure having you back.
I found your indicator with a view to use it for developing a rating system for scalp trading.
But it seems it is not working as blank black screen appears with no text. I wanted to do a manual discretionary forward test before suggesting this plot.
Since I am a guy who strongly believes in destiny, I hardly keep anything secret. I have been conditioned by my parents and a neighbourhood where people were willing to help each other without any expectations. This is how formative years play a big role in shaping your life.

Based on the size of the Candle body only I want to assign ratings for Price count based on 34% or less body length as 1, 66% for 2 ratings and 100% length for 3.

Start time: Any time you select not necessarily daily open. It could be 1 H open or 4 h open. any except M1 to M15.

Up I call it UP count. No connection with green traditional candles.
Down : I call it Down count. No connection with red or bear.

Now the Ratings system (based on closed candle body length only) involves counting lines.

Starting from 0 if the price move up by 34% of body length (wicks don't matter) , then Up count will have gained by 1.
If it reverses and brings down price by 66% of body length dragging it down (Green or red color of bar is ignored) then the count will suffer by - minus 2.
Nett: -1 will appear at the bottom of second candle.

If up price move with 66% of body length , the Up count will have gained by 2.
If up price move with 100% of body length, the Up count will have gained by 3.
Likewise down moves will result in minus -2 or -3 .
Next candle will carry the nett count.

Memory will be hogged but you can manage it by using refresh.

CJA has coded an indicator in 2017 which does not focus on body length or ratings system.
Existing indicator (no mql ) attached for your reference. It counts each up move as 1 and each down move as -1. Not taking into account body length.
Since you were interested in and I have profitably used body length, I thought you might find the exercise worth your time.

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Attached File(s)
File Type: ex4 PriceCount v1.1 nmc.ex4   37 KB | 250 downloads
Practice makes a person perfect
  • #115,473
  • Jan 22, 2021 6:37am Jan 22, 2021 6:37am
Quoting DrDave
{quote} "consistency and discipline" on it own means nothing. > Following a bad method with that will lead to ruin
And the funniest thing that consistency and discipline = EA, but EAs prohibited in this thread.
Observer effect
  • #115,474
  • Jan 22, 2021 6:49am Jan 22, 2021 6:49am
Quoting ryuryu
{quote} And the funniest thing that consistency and discipline = EA, but EAs prohibited in this thread.
@ryuryu -- and who said EAs are prohibited -- @DrDick?

@ryuryu -- you know perfectly well the difference between EAs and indicators. Furthermore, the EAs that are used here are used as indicators, but they have to be built as EAs because they include trading buttons. And you know that. But as a member of the A-Team in charge of lying and smearing behind peoples back, then I understand you are just doing your job.

@ryuryu -- you have the coward gene, as well. So not surprising you were attracted to @DrDick.
  • #115,475
  • Jan 22, 2021 6:52am Jan 22, 2021 6:52am
Quoting PixelSniper
{quote} Page 1, buy the dip. Page 2 thanks for reading.
Nooooooooooop
MA provides the market's current direction and strength.
  • #115,476
  • Jan 22, 2021 6:59am Jan 22, 2021 6:59am
Quoting robots4me
{quote} Yep -- looks like the fungi is returning. Time to do a little trimming... {image} @DrDick/@ivan9578/@DrDave -- do you think any of your "folks" out there wonder why you are afraid to address me directly. You do respond to my posts, but always hiding behind @Tekkies. Come on @DrDick -- put on those big boy pants and show the "folks" out there you aren't a coward and afraid to respond anonymously through an alias. Such a timid soul... @DrDick/@ivan9578/@DrDave -- I just now realized that it's not just me you...
You identity a point. He is behind her. what's going on here.
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MA provides the market's current direction and strength.
  • #115,477
  • Jan 22, 2021 7:10am Jan 22, 2021 7:10am
Quoting ryuryu
{quote} And the funniest thing that consistency and discipline = EA, but EAs prohibited in this thread.
So let's follow that trail of logic ...
Premise: consistency and discipline lead to profitable trading results if a "good" system is traded.

Fact 1: EAs are consistent and disciplined.
Fact 2: At least 70% of traders lose money (per numerous broker disclosures).

Conclusion 1: EAs produce profits.
Conclusion 2: At least 70% of traders lack consistency and discipline.
Conclusion 3: Profitable traders are consistent and disciplined.

Conjecture 1: The rules and parameters of "good" systems for which a trader is profitable are difficult to program into an EA, resulting in the EA producing significantly poorer performance than the human trader.

Conjecture 2: The rules and parameters of "good" systems for which a trader is profitable are so difficult to convey to other traders that few, if any, of the other traders achieve profitable results with the system.

Also, consider that we have no statistics here for comparing the performance of an EA to the performance of a trader using the same "good" system.
To free Gazans of Hamas, use whatever it takes.
  • #115,478
  • Jan 22, 2021 7:16am Jan 22, 2021 7:16am
I have got some loyal enemy, No matter what I say they will give a dislike.

We have no permanent enemies. We just have permanent interests."
Author: Disraeli

Now we have to find out what is their Interest.
MA provides the market's current direction and strength.
  • #115,479
  • Jan 22, 2021 7:23am Jan 22, 2021 7:23am
Quoting DrDave
{quote} So let's follow that trail of logic ...
I mean that may be there is a little logic problem. You have to be consistent, disciplined and follow all the rules of the strategy, but please do not code EA to achieve that. That mean that if that true we need one more ingredient to be successful - luck. But if you lucky you can trade any strategy isn't it? And then how we can say that strategy producing X% profit if there is Y in the formula - the luck, and there is not static value for it. Because I have 10%, you have 35% and EMM has 100% as we see. For example robots4me trade with success using repainting indicators, hasib need only good entries to gain profit, pixelsniper trading TMS even never using TMS rules and indicators but using BB... It is 150% of luck.
Observer effect
  • #115,480
  • Jan 22, 2021 7:31am Jan 22, 2021 7:31am
Quoting hasib
{quote} Nooooooooooop
https://www.google.com.hk/amp/s/what...ng-system/amp/

I read this review, seems it is author’s journey from developing a strategy to witnessing its alpha decay to expiry.
Not buying a dip but a simplified London Breakout. Here on FF, a thread has discussed the fall of LO Breakout and developed a modified version, something you can find if you read to look for a strategy.

I am more interested in the author’s actions on risk management and practice, as well as thoughts, as he could stick with it with 50% DD and able to left the table in profit before it eventually failed. Look forward to knowing what you would learn and share.

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